What I Am Buying Today.

[fenders53]

(01-24-2022, 11:46 AM)bankerboy Wrote: While I agree with ya poneyboy I’m hoping this is only a minor market correction and a brief scare on the political front.

I’ve been thinking for awhile it would be good to see the market get back in whack from a valuation standpoint. While I was up over 20% in my port last year I doubt that’s sustainable and honestly have 7 more years to keep buying before retirement so a 10%-20% correction won’t make me sell anything or panic. My small play port of ARK and EV sure has gotten a royal Axxwhoopin’!

I’m going to sit tight for a bit, luckily have a bit of cash sitting on the sidelines ready to see what’s ripe for the picking! At the end of 2020 it was oil and financials, what’s it going to be this time?


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FED moved waaay too slow.  We probably would have bitched if they killed the rally last summer though.  We made money when they went nuts in 2020 doing what anybody who understands economics knew was wrong.  We all saw the crazy amount of gambling that still isn't done unwinding.  Most of our beloved DGI stocks are still a little pricey so who knows if they get whacked too. It is what it is at this point and it will take time to settle out.  

And regarding the politics, trust me I am not a fan of Biden, though I adjusted to and banked a lot of profits for a year off what I thought the administration would do with energy etc.  I just don't want the place to turn into a political whizzing contest because it will eventually, just like anywhere else it isn't discouraged.  If it does then I will leave and perhaps most won't care, but I'll care because I enjoy the atmosphere here, and the e-friends I have made. 

Hope we can get back to losing money now.